The Dow Jones Economic Sentiment Indicator tries to gauge the U.S. economy by weighing the balance of sentiment in articles published by fifteen major American newspapers. The Indicator analyzes published stories. They look for key words that indicate changes in economic sentiment.
Journalism schools do not teach enough economics. Because that would entail a balance of conservative as well as liberal thinking on the subject. The results of the work of their graduates show a deficiency.
About 50,000 newspaper journalists work in the U.S., with thousands of published articles daily. Economics are integral to the news, particularly finance and its relation to politics.
Unfortunately, schools do not teach news balance. Journalists don’t know enough to screen what has worked and not worked economically in the past. And to avoid passing along political nonsense without critical oversight. (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)
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